An inquiry into America's sound money stockpile is more relevant than ever, given an inflationary environment where $37 trillion in U.S. federal debt looms large and given that many central banks have been accumulating gold at record rates over the last few years.
Gold's short trend continues from which an ascent up through 3487 in the new week would initiate a new Long streak. Such level is +156 points higher from here, which is not unrealistic as Gold’s expected weekly trading range is presently 151 points.
If we have an open environment that rewards creativity and hard work, we will have all the jobs we need. Especially if we create a fluid system where people can relocate to where the jobs are or creative new entrepreneurs that build businesses where the people are.
Analysts point to diminishing returns in mining: declining ore grades, aging mines, and fewer major new discoveries. The World Gold Council warned in 2022 that production is "close to plateauing."
